Anyone selling Invesco Perpetual Income

Jake'sGran

I know that Neil Woodford has been criticised lately and his Income funds are not doing very well. Has anyone on this board decided to sell?
Also, he is predicting a double dip recession next year which makes me think his Income funds will continue to lose out. I would appreciate the opinion of others regarding these funds.

le_loup

Jake'sGran wrote: »

Also, he is predicting a double dip recession next year which makes me think his Income funds will continue to lose out.

... unless he's right!
I'm not selling, he's given me 10% pa average since I purchased in the mid ninety's (including income which I take). But then again, he have only got just over 10% of my portfolio.

dunstonh

I'm not selling. He has taken a defensive stance and he could be right. Plus, the fund hasnt performed badly. We have just got used to it being at the top all the time. So, any short period where he is not at the top end is seen as bad by his standards. However, that doesnt make the fund bad.

Sparky47

The fund has been a bit disappointing the last few months but still fairly good over the longer term.
If I swap to another income fund it is sure to improve so will stick with it for now and see how it goes.

Cautious_Investor_3

Jake'sGran wrote: »

Also, he is predicting a double dip recession next year which makes me think his Income funds will continue to lose out. I would appreciate the opinion of others regarding these funds.

Hi

We need to remember that there is not necessarily a correlation between a UK recession and his fund performing poorly. Many of the stocks he holds will derive much of their earnings overseas.

I would also argue that his fund has not performed poorly over the past year. He has done 10.79% over the past year against then benchmark's (FTSE All Share) 4.85%, this represents 2nd quartile performance. Furthermore over the past 5 years he has outperformed the same index by circa 26%.

His performance looks ok to me!

The Cautious Investor

juicyjude

Interesting comments I also have invesco perpetual income and perpetual monthly income in my portfolio together with the invesco perpetual distribution fund. I am a bit disappointed recently as they have taken a nose dive but the above comments have settled my unease a little. I am very new to investing and I suppose you have to be in for a long time. Anyone else invested in monthly and distribution fund?

talexuser

juicyjude wrote: »

Anyone else invested in monthly and distribution fund?

yes, the bond contents balances the equities in income and high income, and they have done pretty well recently - until interest rates rise I suppose?

Old_Slaphead

Cautious_Investor wrote: »

Hi

I would also argue that his fund has not performed poorly over the past year. He has done 10.79% over the past year against then benchmark's (FTSE All Share) 4.85%

His performance looks ok to me!

The Cautious Investor

This year the FTSE AllShare is up around 7.7% since Jan 2010 plus a 3.3% yield.

In last 12 months it's up 9.5% + 3.3%

Cautious_Investor_3

Old_Slaphead wrote: »

This year the FTSE AllShare is up around 7.7% since Jan 2010 plus a 3.3% yield.

In last 12 months it's up 9.5% + 3.3%

Took my figures from the Fidelity Fundsnetwork today.

Differences will be down to dates I imagine.

The Cautious Investor

sabretoothtigger

Where was he criticised especially

Markets are incredibly stupid often and definitely all over the place right now. It fits quite well a fund like his would not appear best righgt now. Its a defensive fund not speculative, I dont think this markets at the bottom so not the best time to sell.

When selling consider what you will be buying, even switching to cash is an investment in uk currency which could well go down in value for some months

Aegis

I sold out of some of my IP High Income holding through the financial crisis, but that was actually to increase my risk profile for when the recovery kicked in. Right now I'm happy to continue putting a regular drip feed into the fund and have no intention of selling any further units at present.

I also hold a more aggressive UK equity fund to try to take advantage of whatever happens!